Use the following information to answer the question(s) below. Google Corporation has no debt on its balance sheet in 2008, but paid $1.6 billion in taxes. Assume that Google's marginal tax rate is 35% and Google's borrowing cost is 7%. 15) 15) Assume that investors hold Google stock in retirement accounts that are free from personal taxes. If Google were to issue sufficient debt to reduce its taxes by $1 billion per year permanently, then the value that would be created is closest to: A) $24.50 billion. B) $22.00 billion. C) $40.75 billion. D) $14.25 billion. 16) 16) Assume that investors in Google pay a 15% tax rate on income from equity and a 35% tax rate on interest income. If Google were to issue sufficient debt to reduce its taxes by $1 billion per year permanently, then the effective tax advantage of this debt would be closest to: A) 15%. B) 25%. C) 30%. D) 10%